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Enterprise Information Roundup, Dec. 28

South Korean prosecutors on Wednesday demanded a 12-year jail time period for Samsung’s jailed billionaire inheritor, Lee Jae-yong, who maintained his innocence throughout an enchantment of his conviction on bribery and different expenses.

In August, a decrease courtroom sentenced Lee to 5 years in jail for providing bribes to former South Korean President Park Geun-hye and her confidante whereas Park was in workplace. Each Lee and prosecutors, who earlier had requested a 12-year jail time period, appealed that ruling.